(a) Compute the effective interest rate corresponding to a nominal interest rate of 5% compounded semiannually. Effective interest rate, as a percent, rounded to 4 decimal places = X % (b) Compute the effective interest rate corresponding to a nominal interest rate of 4.9% compounded daily. Effective interest rate, as a percent, rounded to 4 decimal places = |:] % (c) Select the investment that offers the better return. 0 5% compounded semiannually O 4.9% compounded daily